Net income fell to $145.1 million, or 25 cents per share, in the quarter ended April 27, from $146.4 million, 26 cents per share, a year earlier.

Profit was also hurt by the weakening of the Canadian dollar and the Norwegian krone against the U.S. dollar.

The company, which operates in the United States, Europe and Canada, said in March its founder and Chief Executive Alain Bouchard would step down and Chief Operating Officer Brian Hannasch would take over. The transition is expected to take place in September.

Laval, Quebec-based Couche-Tard's shares, which have risen about 11 percent in the past six months up to Thursday's close, were down 2.4 percent at $28.63 on the Toronto Stock Exchange on Monday. (Reporting By Tanvi Mehta in Bangalore; Editing by Don Sebastian)